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A JOINT RESOLUTION
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proposing a constitutional amendment to limit the amount of ad |
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valorem taxes that a municipality may impose for a temporary period |
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on property located in an area annexed by the municipality. |
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BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Article VIII, Texas Constitution, is amended by |
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adding Section 1-q to read as follows: |
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Sec. 1-q. (a) This section applies only to the ad valorem |
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taxation by a municipality of property located in an area that is |
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first included in the corporate boundaries of the municipality on |
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or after January 1, 2019, as the result of the municipality's |
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annexation of the area. |
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(b) Notwithstanding any other law, the total amount of ad |
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valorem taxes imposed by the municipality on the property for each |
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of the first four years for which the municipality is authorized to |
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tax the property is as follows: |
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(1) for the first tax year, 20 percent of the amount of |
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taxes imposed by the municipality on the property for that tax year |
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as otherwise calculated under law; |
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(2) for the second tax year, 40 percent of the amount |
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of taxes imposed by the municipality on the property for that tax |
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year as otherwise calculated under law; |
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(3) for the third tax year, 60 percent of the amount of |
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taxes imposed by the municipality on the property for that tax year |
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as otherwise calculated under law; and |
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(4) for the fourth tax year, 80 percent of the amount |
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of taxes imposed by the municipality on the property for that tax |
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year as otherwise calculated under law. |
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(c) The legislature by general law may prescribe procedures |
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for the administration of this section. |
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SECTION 2. This proposed constitutional amendment shall be |
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submitted to the voters at an election to be held November 6, 2018. |
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The ballot shall be printed to permit voting for or against the |
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proposition: "The constitutional amendment to limit the amount of |
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ad valorem taxes that a municipality may impose for a temporary |
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period on property located in an area annexed by the municipality." |